Abbreviated Company Accounts - ZITAWI ENTERPRISES LIMITED

Abbreviated Company Accounts - ZITAWI ENTERPRISES LIMITED


Registered Number 01756902

ZITAWI ENTERPRISES LIMITED

Abbreviated Accounts

31 January 2014

ZITAWI ENTERPRISES LIMITED Registered Number 01756902

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 12,600 18,900
Tangible assets 3 13,141 1,363
25,741 20,263
Current assets
Stocks 3,226 8,226
Debtors 15,423 8,985
Cash at bank and in hand 19,182 3,098
37,831 20,309
Creditors: amounts falling due within one year (231,933) (121,915)
Net current assets (liabilities) (194,102) (101,606)
Total assets less current liabilities (168,361) (81,343)
Total net assets (liabilities) (168,361) (81,343)
Capital and reserves
Called up share capital 10,002 10,002
Profit and loss account (178,363) (91,345)
Shareholders' funds (168,361) (81,343)
  • For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 October 2014

And signed on their behalf by:
Qais Majeed Ali, Director

ZITAWI ENTERPRISES LIMITED Registered Number 01756902

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, Fittings and equipment 25% written down value basis.

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 February 2013 126,008
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2014 126,008
Amortisation
At 1 February 2013 107,108
Charge for the year 6,300
On disposals -
At 31 January 2014 113,408
Net book values
At 31 January 2014 12,600
At 31 January 2013 18,900
3Tangible fixed assets
£
Cost
At 1 February 2013 105,009
Additions 16,158
Disposals -
Revaluations -
Transfers -
At 31 January 2014 121,167
Depreciation
At 1 February 2013 103,646
Charge for the year 4,380
On disposals -
At 31 January 2014 108,026
Net book values
At 31 January 2014 13,141
At 31 January 2013 1,363